April 18, 2024
Sourdough Market

Sourdough Market Poised for Growth Due to Rising Demand for Fermented Bread Products

The sourdough market is evolving at a rapid pace owing to the numerous health benefits associated with consuming fermented bakery products prepared using sourdough. Sourdough bread contains higher levels of vitamins, minerals, and antioxidants when compared to breads prepared using commercial yeast. The fermentation process used in sourdough preparation aids in easy digestion and promotes gut health. Consumers are increasingly opting for healthier alternatives to their regular food choices and sourdough bread fits well as a better-for-you option.

The Global sourdough market is estimated to be valued at US$ 4.04 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the sourdough market size are Harris Corporation, Airbus Defense and Space, Boeing, Geooptics Inc., Lockheed Martin Corporation, Millennium Space Systems Inc., Northrop Grumman Corporation, OHB AG, OneWeb Ltd, Planet Labs Inc., Sierra Nevada Corporation, Singapore Technologies Engineering Limited, Space Exploration Technologies Corp. (Space X), Surrey Satellite Technology Ltd., and Thales Alenia Space. The popularity of artisanal bakeries and specialty stores offering sourdough baked products provides lucrative growth opportunities for both manufacturers and retailers in the industry. Additionally, the development of organic and gluten-free sourdough variants has further expanded the addressable market size. Technological advancements in large-scale sourdough production through mechanized fermentation processes have enabled mass production while retaining the nutritious qualities of small-batch sourdough preparation.

Market drivers

The global sourdough market is primarily driven by the shifting consumer preference towards healthy and nutritious food choices. Sourdough bread acts as a healthier alternative to regular bread as it contains higher dietary fiber, vitamins, and minerals. Additionally, the easy digestibility of sourdough baked products is appealing to health-conscious consumers. The market is also witnessing rising demand from artisanal bakeries and cafes retailing premium-quality sourdough products. Increasing awareness about the gut health benefits of sourdough through active fermentation is further expected to boost the consumption of sourdough bakery products over the forecast period.

Challenges in the Sourdough Market

The sourdough market is facing challenges due to rising input costs of ingredients such as wheat and other grains. Supply chain disruptions caused by the Covid-19 pandemic have affected the availability of raw materials across economies. Stringent regulations regarding food quality and safety standards have increased compliance costs for manufacturers. Changing consumer preferences towards customized and specialty sourdough products have compelled players to frequently innovate and expand their product portfolio. Maintaining consistency and quality over a large production scale remains a major hurdle.

SWOT Analysis
Strength: Produces bread with distinctive taste and texture. Sourdough processing enhances the nutritional value of bread.
Weakness: Lengthy fermentation process increases production timelines. Requires constant monitoring of fermentation environment.
Opportunity: Growth in artisanal baking trend and demand for healthy carb options. Emerging markets offer new opportunities for expansion.
Threats: Threat from substitute products like gluten-free and keto breads. Intense competition from established players.

Geographical Regions
North America currently dominates the sourdough market owing to substantial demand from food joints, HORECA sector and home bakers. The U.S. accounts for the largest share in the regional market led by bakeshops and artisanal bakeries experimenting with various sourdough recipes.

The Asia Pacific region is expected to be the fastest growing market during the forecast period. Progressing lifestyles, rising health awareness and growing experimentation with international cuisines are fueling the sales of sourdough breads across economies like China, India and Japan. Increasing adoption of Western food culture in Asia is a key growth driver.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraaged AI tools to mine informaation and compile it